CLF
Cleveland-Cliffs Inc. Materials - Steel Investor Relations →
Cleveland-Cliffs Inc. (CLF) closed at $7.82 as of 2026-03-20, trading 46.2% below its 200-week moving average of $14.54. This places CLF in the extreme value zone. The stock is currently moving closer to the line, down from -42.1% last week. The 14-week RSI sits at 33, indicating neutral momentum.
Over the past 14 weeks, down-weeks have had more trading volume than up-weeks (0.67 buyers-vs-sellers ratio). That means when people are active, they're more often selling than buying. Sellers are still more in control than buyers.
Over the past 2721 weeks of data, CLF has crossed below its 200-week moving average 33 times. On average, these episodes lasted 35 weeks. Historically, investors who bought CLF at the start of these episodes saw an average one-year return of +16.5%.
With a market cap of $4.5 billion, CLF is a mid-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at -21.6%. The stock trades at 0.7x book value.
Share count has increased 11.0% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in CLF would have grown to $322, compared to $2683 for the S&P 500. CLF has returned 3.6% annualized vs 10.4% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: CLF vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After CLF Crosses Below the Line?
Across 20 historical episodes, buying CLF when it crossed below its 200-week moving average produced an average return of +14.4% after 12 months (median +15.0%), compared to +17.6% for the S&P 500 over the same periods. 50% of those episodes were profitable after one year. After 24 months, the average return was +54.6% vs +38.8% for the index.
Each line shows $100 invested at the moment CLF crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
CLF has crossed below its 200-week MA 33 times with an average 1-year return of +16.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jul 1974 | Jan 1975 | 27 | 26.0% | +40.4% | +770.4% |
| Oct 1977 | Nov 1977 | 2 | 4.2% | +7.4% | +509.0% |
| Feb 1978 | Mar 1978 | 4 | 3.4% | +13.7% | +486.6% |
| Oct 1978 | Jan 1979 | 14 | 9.0% | +9.4% | +436.7% |
| Feb 1979 | Feb 1979 | 1 | 1.6% | +23.7% | +424.9% |
| Feb 1979 | Mar 1979 | 1 | 1.4% | +16.2% | +422.6% |
| Apr 1979 | Jul 1979 | 10 | 6.4% | -4.4% | +431.9% |
| Oct 1979 | Oct 1979 | 1 | 0.3% | +4.1% | +394.5% |
| Mar 1980 | Jul 1980 | 18 | 13.7% | +25.1% | +392.5% |
| Aug 1980 | Sep 1980 | 1 | 0.3% | +10.4% | +398.6% |
| Dec 1981 | Aug 1987 | 296 | 65.6% | -43.3% | +371.2% |
| Oct 1987 | Feb 1988 | 20 | 38.8% | +68.5% | +865.1% |
| Sep 1990 | Nov 1990 | 9 | 9.8% | +69.9% | +543.3% |
| Aug 1998 | Jan 1999 | 19 | 7.4% | -13.8% | +131.3% |
| Jan 1999 | Apr 2002 | 168 | 56.3% | -25.6% | +120.6% |
| Jul 2002 | Aug 2002 | 3 | 7.9% | -18.6% | +251.3% |
| Oct 2002 | Jul 2003 | 42 | 29.9% | +56.2% | +340.1% |
| Oct 2008 | Oct 2009 | 53 | 64.1% | +19.7% | -68.3% |
| Oct 2009 | Nov 2009 | 2 | 5.1% | +84.9% | -73.6% |
| Sep 2011 | Oct 2011 | 2 | 10.9% | -21.1% | -82.0% |
| May 2012 | Feb 2017 | 248 | 92.8% | -55.9% | -83.6% |
| Feb 2017 | Jan 2018 | 44 | 41.2% | -21.4% | -18.4% |
| Jan 2018 | Feb 2018 | 2 | 9.0% | +63.5% | +27.4% |
| Mar 2018 | Mar 2018 | 1 | 1.8% | +40.7% | +24.2% |
| Sep 2019 | Sep 2019 | 1 | 1.1% | -5.7% | +11.9% |
| Sep 2019 | Oct 2019 | 5 | 6.4% | -14.3% | +13.9% |
| Nov 2019 | Nov 2019 | 1 | 4.4% | +21.1% | +11.5% |
| Jan 2020 | Oct 2020 | 41 | 59.4% | +141.2% | +4.5% |
| Sep 2022 | Oct 2022 | 2 | 2.3% | +9.0% | -41.1% |
| Oct 2022 | Nov 2022 | 2 | 5.5% | +19.3% | -41.9% |
| May 2023 | May 2023 | 3 | 3.7% | +17.9% | -46.8% |
| Aug 2023 | Oct 2023 | 11 | 8.3% | -10.3% | -46.8% |
| Apr 2024 | Ongoing | 99+ | 65.8% | Ongoing | -55.6% |
| Average | 35 | — | +16.5% | — |
Frequently Asked Questions
Is CLF below its 200-week moving average?
Yes. As of 2026-03-20, Cleveland-Cliffs Inc. (CLF) is trading 46.2% below its 200-week moving average of $14.54. The current price is $7.82.
What is CLF's 200-week moving average price?
Cleveland-Cliffs Inc.'s 200-week moving average is $14.54 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when CLF drops below its 200-week moving average?
CLF has crossed below its 200-week moving average 33 times in our data. On average, buying at that moment produced a one-year return of +16.5%. These dips have historically been decent entry points. These episodes lasted 35 weeks on average.
Is CLF a good value right now?
Here's what our data says about CLF as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 33. Free cash flow is currently negative. Return on equity is -21.6%. Price-to-book is 0.7x. This is not a buy or sell recommendation — always do your own research.
How does CLF compare to the S&P 500?
Over the past 33.2 years, $100 invested in CLF would have grown to $322, compared to $2683 for the S&P 500. That's 3.6% annualized vs 10.4% for the index. CLF has underperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20